Faraday Future Intelligent Electric Sees Unusually High Options Volume (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) was the recipient of unusually large options trading on Monday. Stock investors bought 30,094 call options on the company. This represents an increase of approximately 190% compared to the average volume of 10,376 call options.

Faraday Future Intelligent Electric Trading Down 3.3%

Shares of NASDAQ:FFAI opened at $1.19 on Wednesday. The business’s 50 day moving average price is $1.21 and its 200-day moving average price is $1.68. Faraday Future Intelligent Electric has a 1 year low of $0.83 and a 1 year high of $4.46. The firm has a market capitalization of $201.48 million, a price-to-earnings ratio of -0.65 and a beta of 5.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.43 and a quick ratio of 0.42.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a report on Monday. Wall Street Zen raised shares of Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a report on Monday, December 8th. Litchfield Hills Research started coverage on shares of Faraday Future Intelligent Electric in a report on Thursday, November 20th. They set a “buy” rating and a $5.00 price target on the stock. Finally, Zacks Research upgraded shares of Faraday Future Intelligent Electric to a “hold” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.00.

Institutional Trading of Faraday Future Intelligent Electric

Institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the third quarter worth about $26,000. Bank of America Corp DE purchased a new stake in Faraday Future Intelligent Electric during the 3rd quarter worth approximately $35,000. JPMorgan Chase & Co. acquired a new position in shares of Faraday Future Intelligent Electric during the third quarter valued at approximately $48,000. Verition Fund Management LLC purchased a new position in shares of Faraday Future Intelligent Electric in the third quarter valued at approximately $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Faraday Future Intelligent Electric in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric (NASDAQ:FFAI) is an American electric vehicle (EV) manufacturer focused on the development and production of high-performance intelligent electric vehicles. Leveraging a proprietary modular platform, the company aims to deliver a seamless and connected driving experience by integrating advanced hardware with its in-house software architecture. Faraday Future’s vehicles are designed to offer luxury appointments, customizable digital displays, and autonomous driving capabilities, positioning the company in the premium segment of the EV market.

Since its founding in 2014, Faraday Future has unveiled its flagship FF 91 model, showcasing rapid acceleration, long-range battery performance, and over-the-air software updates.